https://www.taxtmi.com/acts?id=49807 An amendment to section 94 adds sub-section (7) providing that where a person buys securities or units within three months prior to the record date and sells them within three months after that date, and the dividend or income on those securities or units is exempt, the loss on such purchase and sale shall be ignored for computing taxable income to the extent the loss does not exceed the exempt dividend or income. The Explanation is expanded to define "record date" and to specify the meaning of "unit." en-us Tue, 25 Feb 2025 12:12:31 +0530 Tue, 25 Feb 2025 12:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49807 An amendment to section 94 adds sub-section (7) providing that where a person buys securities or units within three months prior to the record date and sells them within three months after that date, and the dividend or income on those securities or units is exempt, the loss on such purchase and sale shall be ignored for computing taxable income to the extent the loss does not exceed the exempt dividend or income. The Explanation is expanded to define "record date" and to specify the meaning of "unit." Act-Rules F. Acts / Amendment Acts Tue, 25 Feb 2025 12:12:31 +0530 https://www.taxtmi.com/acts?id=49807